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NTN Driveshaft Invests $18 Million On Columbus, Indiana Plant Expansion, Creating 50 Jobs

06/14/2012
NTN Driveshaft, a manufacturer of constant velocity joints for the automotive industry, will invest $18 million on additional production equipment for its 1-million-square-foot facility located at 8251 S. International Drive in Columbus, Indiana, creating up to 50 new jobs.

"As one of the area's largest employers, NTN Driveshaft continues to provide new jobs, investment and opportunity in southeast Indiana," said Governor Mitch Daniels.

The company, a division of Japan-based NTN Corporation, currently has 1,544 full-time employees in Columbus. The firm is already hiring additional engineering, production and maintenance associates.

"NTN Driveshaft is happy to continue our growth at our Columbus, Indiana location," said Barry Parkhurst, vice president of NTN Driveshaft. "Our customer demand continues to be strong and this additional investment in capital and training funds will help us meet these strong demands. Indiana's central location and well-rounded work force has allowed NTN Driveshaft to show continuous growth over the past 21 years."

As an incentive to foster expansion, The Indiana Economic Development Corporation offered NTN Driveshaft, Inc. up to $235,000 in conditional tax credits and up to $50,000 in training grants based on the company's job creation plans. In addition, the city of Columbus approved additional property tax abatement.

"NTN Driveshaft has been an asset to Columbus since 1990 and we value the investment the company continues to make in jobs and equipment," said Columbus Mayor Kristen Brown. "Our goal in Columbus is to partner with companies such as NTN Driveshaft by providing a business-friendly environment which encourages and supports investment like this."

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